TAQA Arabia to Establish Limited Liability Company in Saudi Arabia

TAQA Arabia to Establish Limited Liability Company in Saudi Arabia

TAQA Arabia announced completing the procedures for establishing a limited liability company in Saudi Arabia, the company said in a disclosure to the Egyptian Exchange (EGX).

The company is established in cooperation with Natural Gas Distribution Company, a Saudi joint stock company, under the name of First Gas Company Limited and paid in capital of Saudi Company’s is SAR 500,000.

TAQA Arabia represents 50% of the shares in the capital, for the purpose of extending, maintaining and repairing oil and gasoil and gas pipelines and transporting natural gas through pipelines.

Sarah Samir 3470 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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